Online Fund Transfer
Bank Account Based Fund Transfer Made Easy
connectIPS e-payment system is a standardized single payments platform that enables bank customers to initiate payment transactions directly from its bank account through alternate channels of mobile app and web (connectips.com). Some of the mobile banking and internet banking channels have also added the connectIPS services in their platforms. It allows the customer to link multiple bank accounts within the same connectIPS user and select the account at the time of the payment.
connectIPS e-Payment system enables the customers with fund transfers, payment processor (gateway) and creditor payments. Online fund transfer can be done easily and directly from bank accounts with one of the following processes.
- To own linked account
- From one connectIPS user to another by simply using the registered mobile number.
- To any of the bank accounts held at the member BFIs of connectIPS
- To favorite listed bank account (the account to which frequent transactions are to be done can be listed as favorite account)
Now the fund transfer from connectIPS user to user is even easier and convenient as there is no transaction fee (for limited period). Such fund transfers can be done easily by using the registered mobile number of the beneficiary user, which will credit the primary account of the beneficiary. The transaction limit per user per bank in the web is NRs 10 Lakh and is NRs 50,000 in mobile App.
Some of the other services available in connectIPS e-payment include P2G payments (Government tax, Loksewa application fee, Office of Company Registrar, passport fees, etc), CIT loan repayment, Social Security Fund payment, Mobile wallet top-up, Capital market related payments (NEPSE online trading, broker payments, DMAT Fee, Mero Share Fee), credit card payments, e-commerce payments and various other creditors payments.
For creating user and linking bank account in connectIPS, click here